BMNG7311: Fundamental Educational Principle - Mintzberg’s five Strategy - Pick n Pay Stores Limited - Management Assessment Answer

Code: BMNG7311

Management Assessment Answer

Assignment Task: BMNG7311 Referencing Rubric Providing evidence based on valid and referenced academic sources is a fundamental educational principle and the cornerstone of high-quality academic work. Hence, The IIE considers it essential to develop the referencing skills of our students in our commitment to achieve high academic standards. Poor quality formatting in your references will result in a penalty of a maximum of five (5) marks against the percentage mark awarded, according to the following guidelines. Please note, however, that evidence of plagiarism in the form of copied or uncited work (not referenced), absent reference lists, or exceptionally poor referencing, may result in action being taken in accordance with The IIE’s Intellectual Integrity Policy (0023). Question 1: BMNG7311 Q.1.1 The activities of people influence the way in which strategy is implemented. Discuss Mintzberg’s five (5) P’s of strategy. Q.1.2 The rapid growth of weblogs presents an intelligence opportunity while it also presents opportunities for engaging customers and other stakeholders in qualitative and quantitative inquiries online. By making use of practical examples discuss any five important sources of Competitive Intelligence (CI). Question 2: BMNG7311 A mission statement is one of the fundamental steps in the development of a strategic plan; it flows from the vision and strategic direction of the company. Nedbank stated its vision as follows: You are required to develop a Mission Statement for Nedbank. You should ensure that your mission answers all the questions of a correctly formulated mission whilst reflecting the essence of the vision given above. Question 3: BMNG7311 “Pick n Pay Stores Limited, through its subsidiaries and associates, operates in the retail sector on the African continent. Pick n Pay is the quintessential family store focused on the customer. Since 1967 when consumer champion Raymond Ackerman purchased the first few stores, the Ackerman family’s vision has grown and expanded to now encompass stores in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland and Lesotho. Additionally, Pick n Pay owns a 49% share of a Zimbabwean supermarket business, TM Supermarkets. Our offer to customers focuses on groceries, clothing and general merchandise, but also includes additional value-added services to cater for our customers’ expectations and evolving needs. To ensure a convenient and accessible shopping experience the Group operates across multiple store formats, both franchised and owned.” Sources of information - BMNG7311 You are required to read much wider than your text book to be able to answer this question in full. You are advised to search for valid academic articles and writings, EBSCOhost is a good place to start and your librarian should be able to help you with this. Academic writings are typically peer-reviewed and are attributed or written by a specific person or group of persons. You should avoid references to general websites, where no authors' names appear or to sites such as Wikipedia. Ensure that all work is properly referenced.

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